Union Jack plans to pull out of licences where falling value pushes up annual loss
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
2016 onshore oil and gas drilling reaches near 50-year low
The number of onshore oil and gas wells drilled in the UK in 2016 was the lowest for nearly 50 years, according to data from the Oil and Gas Authority.
March 2016 fracking headlines
Our digest of March’s headlines about fracking, shale and onshore oil and gas developments – and reaction to them
Equipment moved off abandoned Lincolnshire well site
Egdon Resources has been moving equipment off its oil exploration site at Laughton in Lincolnshire after deciding to abandon the well.
Work begins on Egdon’s Laughton well
Egdon Resources confirmed this morning drilling has begun at Laughton – the company’s second well to be sunk in Lincolnshire this year. In a statement Egdon said the Laughton-1 well was spudded (the beginning of drilling a new well) on Friday (12th February 2016). In January, Egdon spudded […]
Egdon plans seven new wells in next year
Egdon Resources has announced plans for seven new oil and gas wells over the next year. Four of the wells are in Lincolnshire and have planning permission. Another, near Dorking in Surrey, also has approval after the company’s partner, Europa, won a planning appeal.
DRILL OR DROP? 